Members of the U.S. Senate Banking Committee said they’d keep working to overhaul the housing-finance system after casting a narrow vote to advance a bill that would wind down Fannie Mae and Freddie Mac.
Read More »U.S. said to seek more than $3.5 Billion in BNP sanctions case
U.S. authorities are seeking more than $3.5 billion from BNP Paribas SA to settle federal and state investigations into the lender’s dealings with sanctioned countries including Sudan and Iran, according to people familiar with the matter.
Read More »Judge: Geithner must provide S&P with documents
Ex-U.S. Treasury Secretary Timothy Geithner must comply with Standard & Poor’s demand that he provide documents related to its claim the U.S. sued the company in retaliation for downgrading government debt.
Read More »Commercial realtors experiencing increases in sales volume and income
A recent report released by the National Association of Realtors showed that realtors who practice commercial real estate reported an increase in sales transaction volume and medium gross income in 2013.
Read More »Rubio backs higher retirement age, opening federal savings plan
U.S. Sen. Marco Rubio, a Florida Republican who may run for president in 2016, said Congress should “secure retirement for 21st century seniors” by raising the retirement age and letting many workers enroll in a federal savings plan.
Read More »Student debt holders retreating from housing market, NY Fed says
Student-loan borrowers retreated from home buying for the second year in a row, outpaced in the mortgage market by young people who aren’t saddled with college debt, according to a report.
Read More »Fannie-Freddie overseer eases loan buyback rules
Melvin L. Watt, the overseer of Fannie Mae and Freddie Mac, is loosening rules that have forced banks to buy back billions of dollars worth of flawed home loans in an effort to spur the housing market.
Read More »Sallie Mae reaches $60M settlement on loan overcharges
Sallie Mae has reached a $60 million settlement to resolve allegations it overcharged members of the military for student loans, the Justice Department said Tuesday.
Read More »Microsoft group guards patent secrets in $7 billion Nortel trial
Microsoft Corp. will have lawyers on hand to guard secrets surrounding more than 6,000 patents that it teamed up with Apple Inc. and Sony Corp. to buy for $4.5 billion.
Read More »Patton Boggs withdraws from Chevron case
Patton Boggs agreed to pay $15 million to settle Chevron Corp.’s lawsuit over the law firm’s involvement in obtaining a $9.5 billion judgment against the oil company in Ecuador. Patton Boggs also agreed to withdraw from the Ecuador litigation.
Read More »House holds Lerner in contempt while probe nears one-year mark
The U.S. House of Representatives voted to hold a former Internal Revenue Service official in contempt of Congress Wednesday for refusing to answer questions about her role in scrutinizing Tea Party groups.
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